Term deposits
5.00% p.a. for
6 months*
Grow your money with a Unity term deposit. Choose your investment period and apply online today.
Term deposits
5.00% p.a. for
6 months*
Grow your money with a Unity term deposit. Choose your investment period and apply online today.
Term deposits
Term deposits aren't just a smart financial choice, but a great way to start your financial journey without the temptation to dip in! Watch your money grow from as little as $1,000 (or $500 for under 18's) today.
Interest rates
| Term | Investment rate* |
| 1 month | 2.50% p.a. |
| 2 months | 2.50% p.a. |
| 3 months | 4.15% p.a. |
| 4 months | 4.25% p.a. |
| 5 months | 4.80% p.a. |
| 6 months | 5.00% p.a. |
| 9 months | 4.80% p.a. |
| 12 months | 4.55% p.a. |
| 18 months | 4.45% p.a. |
| 24 months | 4.25% p.a. |
| 36 months | 4.25% p.a. |
| 48 months | 4.15% p.a. |
| 60 months | 4.15% p.a. |
- Choose your investment period
- Interest is calculated on a daily basis
- Interest can be paid at regular intervals (monthly or quarterly) or on maturity to any account of your choice.
- Investors are advised of their options prior to maturity
- Maximum deposit is $1.5 million per member
- Minimum deposit is $1,000 for members and $500 for members under 18 years old
- These are indicative rates only and may be subject to change without notice
- If an early withdrawal is approved by Unity, a reduced rate of interest will apply as follows:
- If a term deposit is withdrawn, in full or in part, within the first 30 days, 0% interest will be applied to the withdrawn portion.
- Where the deposit is withdrawn, in full or in part, before the maturity date but after the first 30 days, a reduced interest rate will be applied calculated using the advertised rate at the time the term deposit was opened, less 2%. The applicable interest rate will not reduce below 0%.
As published on interest.co.nz as at 20 December 2024.
Ready to invest with us?
If you are already a Unity member then you can apply for a term deposit through your internet banking. Don't have internet banking? Then sign up here.
Making an early withdrawalUnity may approve an early withdrawal of funds from a term deposit. If approved, members are only eligible for one withdrawal per investment per term. Early redemptions incur a penalty interest rate which will be the advertised rate at the time the investment was opened, minus 2%. For example: if funds are invested for 12 months at 6.00% p.a., but redeemed early, the interest rate would be 4% (calculated at 6.00% - 2% penalty = 4%). |
FAQ
What kind of return can I expect?
Term investments offer a high return. But what does this mean for your money? Read on to find out what you can expect to earn with a term deposit.
Fixed vs Term deposit. What's the difference?
Term deposit? Fixed deposit? What’s the difference and which one is best for you? The decision isn’t as complicated as you think. Read on to find out why.
Term deposit? Or savings account?
Term investments? Savings accounts? Which is best? If you're struggling to choose, we've got you covered. Keep reading as we compare the two most popular ways to save.
Are term deposits really worth it?
If you want to start saving, you're in luck. There's an option to suit all styles. So why should you consider a fixed deposit? Read on as we explore why they're a safe financial bet.
What is a term deposit and how does it work?
Whether you're saving for a car or retirement, fixed investment is a risk-free way to earn great returns. Keep reading to find out how they work and why they're a great way to save.
Helpful investment guides
Everything you need to know about term deposits
Whether you're saving for a big-ticket item or retirement, a term deposit is a great way to save. Click through as we fill you in on everything you need to know about this high-earning investment option.
Saving for retirement? Try these five strategies
With spare change hard to come by, it can be tough to set money aside for your nest egg. Keep reading as we share five great savings strategies that'll help make your latter years some of your best.
Four investment tips that'll boost your retirement savings
Retirement is an exciting time for any Kiwi. Or, it should be. If like most Kiwis you're struggling to save, don't give up. Instead, click through for some great ways to supercharge your retirement savings.
Blogs & guides
Looking for more info? Check out our other guides.
- Want to travel? 3 great holiday destinations & ways to save
- 3 investment ideas for securing your financial future, today
- Top tips for managing your money
- Simple ways to save a fortune
- Switch to saving with LED
The current Credit Risk Statement, Product Disclosure Statement and other disclosure statements are available here or from any of our branches.